Cash Transactions
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Nepal Caps Cash Transactions At Rs 3 Lakh To Curb Money Laundering
The Nepali government has imposed a limit of NPR 500,000 (Rs 3,13,287.52) on cash transactions for the purchase or sale of goods and services in a single transaction, effective from January 15.
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Top Court Issues Directions To Implement Rs 2 Lakh Cap On Cash Transactions
When there is a law in place, it has to be enforced, the Supreme Court said on Wednesday while expressing concern over the unsatisfactory implementation of provisions of the Finance Act 2017 which capped the limit of cash transactions to Rs two lakh.
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High-Value Cash Transactions At Hotels, Hospitals Come Under Income Tax Scrutiny
Rampant cash transactions in business sectors like hotels, luxury brand sales, hospitals and IVF clinics need to be checked in a "non-intrusive" manner, the CBDT has asked the I-T department.
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Digital Transactions Will Soon Exceed Cash Payments In India: PM Modi
Prime Minister Narendra Modi today expressed hope that digital transactions will soon surpass cash as Unified Payments Interface (UPI) is increasingly becoming the most preferred payment mechanism in the country.
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Aadhaar Can Be Used For Cash Transactions Above Rs 50,000: Official
The Aadhaar can now be quoted for cash transactions of more than Rs 50,000 and all other purposes where traditionally income tax PAN number was a must, according to a top official.
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Poll Body Lowers Daily Cash Transaction Limit Of Campaigning Candidates
In a bid to check excess flow of money in electioneering, the Election Commission (EC) has lowered the limit of cash transactions by candidates for campaigning purposes from Rs. 20,000 to Rs. 10,000 per day. In an instruction sent to all chief electoral officers, the poll panel said that for transactions beyond Rs 10,000, the candidates and parties...
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Credit Card Bill Payment Exempt From Cash Dealing Limit
The Finance Act 2017 banned cash transaction of Rs 2 lakh or above with effect April 1, 2017. However, some exceptions were made.
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SBI Cash Transaction, Cheque Book And New Debit Card Charges. Details Here
The limit of four ATM withdrawals per month only applies to the Basic Savings Banks Deposit Accounts, SBI said.
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SBI Free ATM Withdrawal Limits, Debit Card And Cheque Book Charges
India's biggest bank SBI has clarified that customers of its mobile wallet State Bank Buddy will be charged Rs. 25 for every ATM withdrawal.
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Income Tax Department Warns Against Cash Deals Of Rs 2 Lakh And Above
The Income Tax Department today warned people against carrying out cash transaction of Rs 2 lakh or more, saying the receiver will have to pay an equal amount as penalty.
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Post Notes Ban, Cash Withdrawal Seeing Rapid Declining Trend: Report
Cash withdrawal has been falling rapidly, post demonetisation, as borne out by the fact that it is down to Rs 32,500 crore in the week to March 24 from a peak of Rs 52,800 crore for the week ended January 13, says a report.
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Cash Transactions Should Be Capped At 2, Not 3 Lakhs, Says Government
Any cash transaction of more than two lakhs should be penalised at 100 per cent, the government has proposed today.
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How A Yes Bank Officer Enabled Noida's 3,700 Crore Online Scam
An official of a private bank who allegedly helped Anubhav Mittal - the mastermind of the 3,700 crore online Ponzi scam busted in Noida last week - siphon off money has been arrested by the Uttar Pradesh police. Investigators suspect a chunk of the funds the company got from investors - around 3,000 crore - may have been transferred abroad and the ...
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Currency Transition: Services At Hospitals 'Not An Issue As Such'
As per the order, government hospitals will continue to accept Rs 500 and Rs 1,000 notes for payment. Pharmacies in government hospitals will also accept these notes for purchase of medicines.
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PAN Must For Cash Payment Of Hotel Bill Over Rs 50,000 From Tomorrow
Furnishing PAN will be mandatory from tomorrow for cash transactions such as hotel or foreign travel bills exceeding Rs 50,000 - a move aimed at curbing the black money menace.
-
Nepal Caps Cash Transactions At Rs 3 Lakh To Curb Money Laundering
The Nepali government has imposed a limit of NPR 500,000 (Rs 3,13,287.52) on cash transactions for the purchase or sale of goods and services in a single transaction, effective from January 15.
-
Top Court Issues Directions To Implement Rs 2 Lakh Cap On Cash Transactions
When there is a law in place, it has to be enforced, the Supreme Court said on Wednesday while expressing concern over the unsatisfactory implementation of provisions of the Finance Act 2017 which capped the limit of cash transactions to Rs two lakh.
-
High-Value Cash Transactions At Hotels, Hospitals Come Under Income Tax Scrutiny
Rampant cash transactions in business sectors like hotels, luxury brand sales, hospitals and IVF clinics need to be checked in a "non-intrusive" manner, the CBDT has asked the I-T department.
-
Digital Transactions Will Soon Exceed Cash Payments In India: PM Modi
Prime Minister Narendra Modi today expressed hope that digital transactions will soon surpass cash as Unified Payments Interface (UPI) is increasingly becoming the most preferred payment mechanism in the country.
-
Aadhaar Can Be Used For Cash Transactions Above Rs 50,000: Official
The Aadhaar can now be quoted for cash transactions of more than Rs 50,000 and all other purposes where traditionally income tax PAN number was a must, according to a top official.
-
Poll Body Lowers Daily Cash Transaction Limit Of Campaigning Candidates
In a bid to check excess flow of money in electioneering, the Election Commission (EC) has lowered the limit of cash transactions by candidates for campaigning purposes from Rs. 20,000 to Rs. 10,000 per day. In an instruction sent to all chief electoral officers, the poll panel said that for transactions beyond Rs 10,000, the candidates and parties...
-
Credit Card Bill Payment Exempt From Cash Dealing Limit
The Finance Act 2017 banned cash transaction of Rs 2 lakh or above with effect April 1, 2017. However, some exceptions were made.
-
SBI Cash Transaction, Cheque Book And New Debit Card Charges. Details Here
The limit of four ATM withdrawals per month only applies to the Basic Savings Banks Deposit Accounts, SBI said.
-
SBI Free ATM Withdrawal Limits, Debit Card And Cheque Book Charges
India's biggest bank SBI has clarified that customers of its mobile wallet State Bank Buddy will be charged Rs. 25 for every ATM withdrawal.
-
Income Tax Department Warns Against Cash Deals Of Rs 2 Lakh And Above
The Income Tax Department today warned people against carrying out cash transaction of Rs 2 lakh or more, saying the receiver will have to pay an equal amount as penalty.
-
Post Notes Ban, Cash Withdrawal Seeing Rapid Declining Trend: Report
Cash withdrawal has been falling rapidly, post demonetisation, as borne out by the fact that it is down to Rs 32,500 crore in the week to March 24 from a peak of Rs 52,800 crore for the week ended January 13, says a report.
-
Cash Transactions Should Be Capped At 2, Not 3 Lakhs, Says Government
Any cash transaction of more than two lakhs should be penalised at 100 per cent, the government has proposed today.
-
How A Yes Bank Officer Enabled Noida's 3,700 Crore Online Scam
An official of a private bank who allegedly helped Anubhav Mittal - the mastermind of the 3,700 crore online Ponzi scam busted in Noida last week - siphon off money has been arrested by the Uttar Pradesh police. Investigators suspect a chunk of the funds the company got from investors - around 3,000 crore - may have been transferred abroad and the ...
-
Currency Transition: Services At Hospitals 'Not An Issue As Such'
As per the order, government hospitals will continue to accept Rs 500 and Rs 1,000 notes for payment. Pharmacies in government hospitals will also accept these notes for purchase of medicines.
-
PAN Must For Cash Payment Of Hotel Bill Over Rs 50,000 From Tomorrow
Furnishing PAN will be mandatory from tomorrow for cash transactions such as hotel or foreign travel bills exceeding Rs 50,000 - a move aimed at curbing the black money menace.
